ARLINGTON – Rangers fans will have a shadier view of their baseball team thanks to approved taxpayer funding for a new $1 billion ballpark with a retractable roof.
The Texas Rangers will stay in Arlington until at least 2054 with the new stadium planned on what is now a parking lot just south of East Randol Mill Rd.
These taxes could fund up to $500 million for the $1 billion ballpark.
Voters approved funding for the new stadium with a half-cent sales tax (already in place to fund the Dallas Cowboys' AT&T Stadium), a 2 percent hotel occupancy tax and a 5 percent car rental tax with 60 percent of the votes.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.